Adani Ports sitting on $3 billion war chest to target 1 bn ton of annual cargo by 2030

Adani Ports (APSEZ) aims to increase its cargo-handling capacity to 2,000 MMT by 2030, targeting 1 billion tons of annual cargo. Backed by $1 billion in cash reserves and a $3 billion growth fund, APSEZ is pursuing both organic and inorganic growth strategies. The company has withdrawn its request for a $553 million loan from the U.S. DFC for the Colombo West International Terminal project and will now fund it through internal accruals.